Diddy RAGER RECON While Bev Hills Mansion Shopping

3/17/2014 12:30 AM PDT

Diddy -- RAGER RECON ... While Bev Hills Mansion Shopping


Diddy has zeroed in on a new Beverly Hills mansion -- but he needs to know HOW HARD CAN HE RAGE??? The mogul is asking the local homeowners' association about its party policies.

Bev Hills real estate sources tell us, Diddy is eying a $12 million 11,200 sq. ft. home in the city's gated Beverly Ridge area.  But we're told he won't make an offer if he and his friends can't cut loose.

So, Diddy, if you buy the house anyone you invite in must first be cleared by gate security.  If you're throwing a big party you need a valet service and security.  And there are noise regs too.

The Homeowner's Ass'n is pretty flexible because lots of famous residents are known for their opulent shindigs.

As for the house itself, Keyshawn Johnson had it custom built in 2003, then sold it in 2004 to Paris Hilton's then-fiance Paris Latsis. When the house went back up for sale last year, we're told Kim Kardashian seriously considered buying it -- but ultimately settled on a nearby $11 million Bel Air mansion.